Wellington Wealth Strategies LLC. trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 11.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 884 shares of the exchange traded fund’s stock after selling 114 shares during the quarter. Wellington Wealth Strategies LLC.’s holdings in SPDR Gold Shares were worth $214,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Murphy & Mullick Capital Management Corp acquired a new position in SPDR Gold Shares in the 4th quarter valued at approximately $26,000. Roxbury Financial LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at $31,000. PayPay Securities Corp increased its stake in shares of SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares during the last quarter. Compass Planning Associates Inc acquired a new position in shares of SPDR Gold Shares in the fourth quarter worth $39,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth $39,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Trading Up 1.3%
GLD opened at $298.03 on Tuesday. The stock has a fifty day moving average price of $293.19 and a 200 day moving average price of $266.69. SPDR Gold Shares has a 1 year low of $211.54 and a 1 year high of $317.63. The stock has a market cap of $89.59 billion, a price-to-earnings ratio of -32.43 and a beta of 0.12.
SPDR Gold Shares Profile
SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).
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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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